Global specialty chemicals market is projected to grow at a CAGR of around 5% during the forecast period on account of growing use of these chemicals in various end use industries. Specialty chemicals or performance chemicals are generally used as ingredients in the production of consumer and industrial goods. The utilization of specialty chemical is also increasing in the automotive sector due to rapid digitalization and increasing integration of miniaturized electronics in automobiles, thereby further propelling the growth of global specialty chemicals market.
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